Universities and higher education-focused super fund, UniSuper has announced an upgrading and expansion of its advice-related member centres across the country.
The super fund said it had not only upgraded the member centre at its Melbourne head office, but that each of its offices around Australia now had a dedicated advice area.
The fund's executive manager, Advice and Employer Relations, Jack McCartney said the concept for each of centres grew out of the need to provide members with a confidential and convenient venue to meet.
He said UniSuper members were in the business of helping others become their best and therefore understood the importance of an expert opinion, especially when it came to planning for the future. "Receiving industry best-practice advice within brand new, first-class surrounds gives them confidence in knowing they are preparing themselves for an extraordinary life now - and into the future," McCartney said.
While the Financial Advice Association Australia said it supports a performance testing regime “in principle”, it holds reservations about expanding this scope to retirement products.
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
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